Where do Alignment Healthcare's ratios come from?

Every ratio is computed from Alignment Healthcare's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Net margin	0.5%+0.5pp	-0%+0.6pp	-0.6%+1.0pp	-1.5%+1.5pp	-3%+1.7pp
EBITDA margin	1.6%+0.4pp	1.1%+0.3pp	0.9%+0.7pp	0.1%+1.4pp	-1.2%+1.5pp
Returns
Return on equity	12.6%+13.1pp	-0.5%+14.5pp	-15.1%+23.4pp	-38.5%+37.3pp	-75.8%+23.9pp
Return on assets	1.8%+1.9pp	-0.1%+2.2pp	-2.3%+3.6pp	-5.9%+5.9pp	-11.9%+6.8pp
Efficiency
Asset turnover	3.9×-0.3×	4.3×+0.2×	4.1×+0.2×	3.9×0.0×	3.9×0.0×
Liquidity
Current ratio	1.6×-0.1×	1.7×+0.1×	1.6×0.0×	1.7×0.0×	1.7×-0.2×
Quick ratio	1.6×-0.1×	1.7×+0.1×	1.6×0.0×	1.7×0.0×	1.7×-0.2×
Cash ratio	1×-0.1×	1×0.0×	1×+0.1×	0.9×-0.1×	1×-0.3×
Leverage
Debt-to-equity	1.6×-0.3×	1.8×-0.1×	2×-0.3×	2.3×-0.7×	3×-0.3×
Debt-to-assets	0.3×-0.1×	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.4×-0.1×
Net debt / EBITDA	-5.8×—	——	——	——	——
Interest coverage	2.2×+1.3×	0.9×+0.8×	0.1×+1.4×	-1.2×+1.8×	-3×+1.3×
Per Share
Book value per share	$0.97+7.2%	$0.91+16.9%	$0.77+15.2%	$0.67+20.5%	$0.56+6.7%
Valuation
Market capitalization	$3.6B-8.9%	$3.95B+14.4%	$3.46B+24.1%	$2.79B-22.0%	$3.57B+65.6%
Enterprise value	$3.22B-13.2%	$3.71B+17.3%	$3.16B+19.8%	$2.64B-23.5%	$3.45B+67.9%
Price / sales	0.8×-0.2×	1×+0.1×	1×+0.1×	0.8×-0.4×	1.2×+0.4×
Price / book	17.4×-4.6×	22×+0.7×	21.3×+1.6×	19.8×-13.3×	33×+11.4×
EV / EBITDA	48.5×—	——	——	——	——
EV / sales	0.8×-0.2×	0.9×+0.1×	0.9×+0.1×	0.8×-0.4×	1.1×+0.4×
Earnings yield	0.6%+0.6pp	-0%+0.6pp	-0.6%+1.2pp	-1.8%+0.7pp	-2.5%+3.4pp

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Questions, answered.

Where do Alignment Healthcare's ratios come from?: Every ratio is computed from Alignment Healthcare's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.